Junda Corporation announced its Q3 2025 report: overseas sales accounted for 51%, driven by globalization and technological innovation for steady growth
Hainan Junda New Energy Technology Co., Ltd.
(Stock Code:$DRINDA(2865.HK))
Junda Shares Announces Q3 2025 Report
Overseas Sales Ratio Rises to 51%, Globalization and Technological Innovation Drive Steady Development
(October 28, 2025, Hong Kong) Hainan Junda New Energy Technology Co., Ltd. ("Junda Shares" or "the Company" or "the Group", Stock Code:$DRINDA(2865.HK),$Drinda(002865.CN)) released its Q3 2025 report, continuing to advance global strategic layout and technological R&D while maintaining stable business fundamentals amid a complex industry environment.
In Q3, the Company achieved operating revenue of approximately RMB 2.018 billion, a year-on-year increase of 10.42%. Net loss attributable to shareholders of the listed company was approximately RMB 155 million, with the loss narrowing significantly compared to the same period last year. As of September 30, 2025, the Company's total assets were approximately RMB 18.006 billion, and equity attributable to shareholders of the listed company was approximately RMB 4.657 billion.
Rapid Growth in Overseas Business, Deepening Global Layout
In the first three quarters of 2025, Junda Shares made positive progress in its globalization strategy. The proportion of overseas sales increased from 24% in 2024 to 51%, making international markets a key revenue source. This change is attributed to the Company's continued expansion in overseas markets.
In recent years, the Company has actively expanded into markets in Asia, Europe, North America, Latin America, and Australia, improving its global sales network and enhancing its brand's international recognition by participating in renowned global exhibitions. Currently, the Company has established a stable customer base in key overseas markets such as India, Turkey, and Europe, with market share ranking among the industry's top players.
Additionally, in terms of production capacity layout, the Company signed a strategic cooperation agreement with a local Turkish module customer to jointly advance the construction of high-efficiency battery production capacity, strengthening supply capabilities in the local market. For the originally planned 5GW high-efficiency battery production base project in Oman, the Company stated it will conduct a prudent evaluation based on international trade policies and market environment changes, reflecting its steady investment strategy.
Technology-Driven Cost Reduction and Efficiency Improvement, Leading the Future with Cutting-Edge Reserves
As a specialized photovoltaic (PV) battery manufacturer, technological R&D has always been Junda Shares' core strength. In the first three quarters of 2025, the Company further improved battery conversion efficiency through the mass production introduction of technologies such as half-cell edge passivation, wave backfield, and ultra-dense fine grid+. At the same time, through continuous improvements in preparation processes, the reliability of the Company's battery products has significantly improved, with UV attenuation control reaching industry-leading levels.
In terms of cutting-edge technology reserves, the Company is developing battery technologies such as laser edge passivation and multi-slicing, while actively laying out plans for battery structure, electrode composites, and module technology synergy. Among these, the pilot xBC battery conversion efficiency has improved by 1-1.5 percentage points compared to mainstream N-type batteries, laying the foundation for the Company's next-generation high-efficiency products. Notably, the perovskite tandem battery developed in collaboration with external institutions achieved a laboratory efficiency of 32.08%, demonstrating the Company's R&D strength in the forefront of PV technology.
Deepening Industry Reshaping, "A+H" Platform Empowers Long-Term Development
With the popularization of new energy vehicles and the rapid development of the AI industry, against the backdrop of global energy transition, PV, as the most economical form of power generation, still has enormous installation demand in the future. According to the International Energy Agency (IEA), global renewable energy installed capacity will increase by 4,600GW between 2025 and 2030, with about 80% coming from solar energy, requiring global PV new installations to remain at 500GW-700GW annually.
Meanwhile, the industry is moving toward healthy development under policy guidance and market-driven clearing. The deepening of supply-side reforms and "anti-involution" policies has accelerated the exit of outdated capacity, shifting competition from price wars to technology and quality competition. In this context, companies with technological advantages, financial strength, and a global layout are expected to gain more development opportunities during the industry adjustment period. With its accumulated expertise in N-type battery technology, overseas market expansion, and the advantages of its A+H dual financing platform, Junda Shares is well-positioned to seize opportunities in the industry's reshaping and achieve profit recovery and sustained growth.
Conclusion
Looking ahead, Junda Shares will continue to deepen technological R&D, maintain its leading edge in N-type battery technology, and persistently reduce costs and improve efficiency through refined management and intelligent manufacturing. The Company remains optimistic about the global PV market's long-term demand and will steadfastly advance its internationalization strategy, enhancing its value and influence in the global clean energy supply chain through technology exports, production capacity cooperation, and market expansion, creating sustainable long-term returns for shareholders.
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About Junda Shares Co., Ltd.
The Company's main business is the R&D, production, and sales of PV cells, currently focusing on next-generation N-type high-efficiency batteries. Its products meet international advanced standards and possess strong market competitiveness. Having been deeply involved in the industry for over a decade, the Company remains committed to PV cell core technologies, adhering to its corporate mission of "Focusing on Solar Energy, Leading the Energy Revolution, and Creating a World-Class PV Technology Company." It continues to increase R&D investment to maintain technological leadership, strengthen global customer service capabilities, and actively promote the development and application of solar clean energy worldwide.
$DRINDA(02865.HK)$Drinda(002865.SZ)
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